SCB Home Loan
Everybody intends to have a home. All of the people make dreams owning a home and To make the dream a reality, SCB gives you the chance to buy a new apartment or transferring your existing Loan with any other Bank/Financial Institution at a very attractive rate.
Feature of SCB Home Loan:
Maximum loan amount up to BDT 1 Crore
Attractive & absolutely transparent variable rates without any hidden charges
Quick approval process
No prior account relationship required with Standard Chartered
Loan repayment in up to 300 instalments
Zero Processing Fee for Take-over Loans
Financing available for up to 70% of property value
Options available for early & partial settlement
Eligibility of SCB Home Loan:
Salaried professionals, businesspersons & self-employed individuals with at least 3 years of experience
Applicant or applicants must have a minimum aggregate monthly income of BDT 25,000
Loan Applicant must be at least 25 years of age
Veriable Interest Rate of SCB Home Loan:
Variable interest rate is a type of pricing where the interest rate is revised at pre-determined intervals based on movement of a market benchmark till the end of the loan tenor. During disbursement, your Home Loan interest rate is linked to the average rate of 182-Day Treasury bill. Your Home Loan interest rate will be reviewed (i.e. decreased or increased) after every 6-month from the date of disbursement based on the movement of the average rate of 182-Day Treasury bill.
Insurance of SCB Home Loan:
Our Home Loan comes with a very attractive credit-life insurance bundle scheme called Mortgage Reducing Term Assurance (MRTA). The insurance coverage is provided by one of the best life insurance companies around. Moreover, we can finance the insurance premium along with your Home Loan. MRTA insures your Home Loan against your death or permanent total disability; relieving you and your family of the burden of the loan in the event of any such unforeseen circumstances.